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jenni333
02.08.2019 •
Mathematics
Dillon took out a 2-year loan for $2375 at a sports-equipment store to be paid back with monthly payments at a 6.6% apr, compounded monthly. if the loan offers no payments for the first 5 months, how much will dillon owe when he begins making payments? a. $2709.15 b. $2441.03 c. $2375.00 d. $2536.58
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Ответ:
After 5 months without payment,
he owes
F=P(1+i/12)^n [compound interest formula]
=2375(1+0.066/12)^5
=2441.03
Ответ: